NCUA rebate amounts not yet determined

The NCUA will provide credit unions with their distribution amounts as soon as they are completed, which is projected to be third quarter 2018.  The NCUA needs time to update its IT systems to calculate individual credit union distribution amounts.  Since the methodology was just approved on Feb. 15, and due to the nature and […]

The NCUA will provide credit unions with their distribution amounts as soon as they are completed, which is projected to be third quarter 2018.  The NCUA needs time to update its IT systems to calculate individual credit union distribution amounts.  Since the methodology was just approved on Feb. 15, and due to the nature and complexity of the calculation, any third parties claiming to provide a calculator or calculations of an individual credit union’s distribution amount is not accurate and should not be relied upon at this time.

Additional updates on this issue are forthcoming.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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